the chairman and president of russia's second-largest bank. i am glad to know we are not the only ones with these problems but we take 2.7% growth. at a time i am wondering when u.s. banks are having so much trouble taking risks and making money because we no risk has better rewards is russia and russian banks finding the same problem? >> in spite of the economic growth i think the russian banking sector is doing well. the growth of russian corporate loans expected to be in but mid teens and growth of the retail loans will be 40%. the growth of the retailer -- liz: when you say retailing kymmene home loans? what are retail loans consisting of? >> loans to buy tv or mortgage or other loans for other use. liz: citizens are paying those back. >> starting from a couple of thousand, longer, but quite good. liz: why did your earnings dropped 63%. what was the problem? >> not much problem, but definitely the promise, no fiscal cliff, no sovereign debt default, up but the russian economy needs new drivers. we have a lot of balance, still driven mainly